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Registration approved Residential/Group Housing project

VAIBHAV PRIDE

By M/s. VAIBHAV DEVELOPERS

RG-KA-90076 · RERA PRM/KA/RERA/1251/309/PR/190725/002730

Source: official RERA Karnataka filing

Red flags

  • Completion date moved by 9 months
  • 1 extension taken

Clear

  • No complaints on record
  • Separate project account declared
Aug 2021Possession promisedmoved 9 months from the original
0Complaints at RERA Karnatakaon this registration
Jump to the 39 documents Report an error

VAIBHAV PRIDE is a Residential/Group Housing project by M/s. VAIBHAV DEVELOPERS in Bengaluru Urban, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1251/309/PR/190725/002730 on 25 Jul 2019. Possession is promised by 1 Aug 2021. The completion date has moved by 9 months from the original filing.

At a glance

Project

  • NameVAIBHAV PRIDE
  • TypeResidential/Group Housing
  • Location
    • Bengaluru North
    • Bengaluru Urban
  • PincodeNot stated
  • RERA no.PRM/KA/RERA/1251/309/PR/190725/002730
  • ReraGenie IDRG-KA-90076

Builder

  • NameM/s. VAIBHAV DEVELOPERS
  • Entity typePartnership Firm
  • Authorized SignatoryMR. K. GOPAL
  • Other registrations1 more →

Key dates

this monthRegisteredJul 2019First promiseNov 2020Revised toAug 2021

Key facts

Registration and timeline

  • StatusRegistration approved
  • Registered on25 Jul 2019
  • Promised completion1 Aug 2021
  • Revised completionRevised to 1 Aug 2021 (originally 1 Nov 2020)
  • Buildings1 building record
  • Documents filed39 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Vaibhav Pride---12012

The full filing

Everything below is from the project's own RERA Karnataka filing, free to read.

Land and ownership

This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area612 sq m
Named landownersNone

Project account and cost

70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.

Separate project accountDeclared
Estimated costRs 3.00 cr

Certifying professionals and partners2

Certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectDEEPAK M B
EngineerSRIKANTH CHANNAL - PRECISE CONSULTANTS

Extensions applied for1

A revised date filed with the regulator does not change the possession date in your agreement for sale.

ExtensionNov 2020 → Aug 2021

No reason recorded in the filing

Complaints filed with RERA Karnataka

No complaints on record against this registration.

Documents filed39

As listed on the registration, under the names the promoter filed them with. The files themselves are available at source: search the registration number PRM/KA/RERA/1251/309/PR/190725/002730 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
CertificateFile: ROF.pdf-
CC-
Approved building plan-
Approved Layout Plan-
Proforma For Sale Deed - NA-
Proforma of Agreement for Sale - NA-
Sale Deed-
Approved Senction of Building plan of plotting-
Area Developement Plan of Project Area-
Proforma of Allotment Letter - NA-
Brochure-
NOCs - NA-
Project specification-
EC-
Notarized Affidavit for 3(1)-
JD Affidavit Cum Declaration-
Khatha-
15_JDA-
Existing Layout Plan-
Existing Section Plan and Specification-
Change of Land Use - NA-
Balance Sheet 2017 - 2018File: AY -18-19 Balance Sheet.pdf-
Balance Sheet 2016 - 2017File: Balance sheet.pdf-
Balance Sheet 2015 - 2016File: BALANCE SHEET.pdf-
Audited Profit and Loss Statement 2017 - 2018File: AY -18-19 P & L.pdf-
Audited Profit and Loss Statement 2016 - 2017File: P_L.pdf-
Audited Profit and Loss Statement 2015 - 2016File: P AND L.pdf-
Director's Report 2017 - 2018File: DIRECTORS REPORT.pdf-
Director's Report 2016 - 2017File: DIRECTORS REPORT.pdf-
Director's Report 2015 - 2016File: DIRECTORS REPORT.pdf-
Cash Flow Statement 2017 - 2018File: Cash Flow Vaibhav 18-19.pdf-
Cash Flow Statement 2016 - 2017File: Cash Flow Vaibhav 17-18.pdf-
Auditor's Report 2017 - 2018File: AY - 18-19 Audit report - 1 MB.pdf-
Auditor's Report 2016 - 2017File: Audit Report 2017- 18 - 1 MB.pdf-
Auditor's Report 2015 - 2016File: AUDIT REPORT 2016-17 - 1 MB.pdf-
Income Tax Return Acknowledgement 2017 - 2018File: AY-18-19 ITR ACK.pdf-
Income Tax Return Acknowledgement 2016 - 2017File: ITR.pdf-
Income Tax Return Acknowledgement 2015 - 2016File: ITR 2016-17.pdf-
Declaration form B-

How this compares with Bengaluru Urban

34%of Bengaluru Urban projects moved their completion datethis one moved by 9 months
1%of Bengaluru Urban registrations are shown as withdrawn or revokedthis one is not

Computed across the 4,100+ Bengaluru Urban projects on ReraGenie, from their own filings.

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Builder: M/s. VAIBHAV DEVELOPERS

M/s. VAIBHAV DEVELOPERS has 2 registrations on RERA Karnataka, including VAIBHAV PRIDE and The Ocean Spray. Its filings disclose no earlier RERA Karnataka projects. Read the full track record. See more projects on the Bengaluru Urban district page.

Frequently asked questions

What are my rights if VAIBHAV PRIDE is delayed beyond 1 Aug 2021?

Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with RERA Karnataka.

How do I verify and contact the developer of VAIBHAV PRIDE?

The registered promoter entity is M/s. VAIBHAV DEVELOPERS, a partnership firm as per the filing. Neither this filing nor this promoter's other RERA Karnataka registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's RERA Karnataka listing and in its filed documents.

Is my payment protected in VAIBHAV PRIDE?

Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.

Who certifies construction progress at VAIBHAV PRIDE?

The professionals named in the filing: Architect: DEEPAK M B; Engineer: SRIKANTH CHANNAL - PRECISE CONSULTANTS. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.

What should I check before booking in VAIBHAV PRIDE?

Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on.

Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on RERA Karnataka, and we read every report.

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